Alternative Investment Update 1/17/2018

Non-Traded REITs

Black Creek Diversified Property Fund Inc.

On January 12, 2018, Black Creek Diversified Property Fund Inc. (Black Creek DPF) announced an updated net asset value per share of $7.4075 per Class T, S, D, I and E shares, respectively, as of December 31, 2017. The purchase price for each respective class of shares will be updated on February 1, 2018, based on the NAV per share as of December 31, 2017, plus applicable selling commissions and dealer manager fees for each respective share class. Black Creek DPF retained the services of Altus Group U.S. Inc. to assist in the calculation of real property valuations used as a basis for Black Creek DPF’s NAV.